PayMore Signs Multi-Unit Franchise Deal To Bring Its Buy, Sell Trade Electronics Concept To Pennsylvania
November 23, 2021 // Franchising.com // PHILADELPHIA –
PayMore, a buy, sell and trade market for electronics, today announced it has inked a multi-unit franchise deal to expand the retail brand into the greater Philadelphia area. The new franchisee, Chris Phillips, is an experienced Elevation Burger franchisee with more than 10 years of expertise in restaurant business operations. Phillips sought to diversify his business portfolio and was attracted to PayMore Stores as a fast, safe and easy way for consumers to sell or trade-in electronic devices with the flexibility to purchase a new or pre-owned device online or at a local store.
“What excites me about PayMore is just like everyone needs to eat, everyone also needs electronics in the age we live in. PayMore’s proprietary system makes buying and selling electronics to the public simple. Not everyone needs a brand new shiny electronic toy – there’s immense potential in the resale market,” said Phillips. “After considering the current environment of employee hiring and supply chain issues due to the COVID-19 pandemic, I decided to diversify my portfolio beyond restaurants.”
Founded in 2011, PayMore Stores is a local brick and mortar franchise in a unique industry that combines e-commerce with electronics sales and trade-ins. Each PayMore location receives dedicated support for its upscale spin on retail resale, delivering clean stores filled with high-quality merchandise.
“We are thrilled to award this multi-unit territory in Philadelphia to Chris and his team, as he exhibits all the characteristics we are looking for in an area developer. Chris will be an integral part of our Northeast build-out,” said CEO of PayMore, Stephen Preuss.
In addition to PayMore’s proprietary retail platform that seamlessly integrates online and brick-and-mortar inventory based on each location’s preferences, the brand remains on the cutting edge of retail trends. Earlier this year, PayMore Store locations nationwide introduced cryptocurrency payment options, accepting Bitcoin and other popular cryptocurrencies to offer additional payment flexibility for PayMore customers.
“I understand clearly why a multi-unit burger franchisee would rather expand with PayMore at this time,” said Fransmart CEO Dan Rowe.